About 21.9% of families and 26.1% of the population were below the poverty line, including 36.0% of those under age 18 and 5.7% of those age 65 or over.there were 60,352 people, 19,876 households, and 13,356 families residing in the township.
Males had a median income of $39,857 ( /- $4,206) versus $32,699 ( /- $2,365) for females.
The per capita income for the township was $16,430 ( /- $565).
The population density was 2,431.8 people per square mile (938.8/km²).
There were 21,214 housing units at an average density of 854.8 per square mile (330.0/km²).
The earliest documented European settlement of the present Lakewood area was by operators of sawmills, from about 1750 forward.
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One such sawmill – located at the east end of the present Lake Carasaljo – was known as Three Partners Mill from at least 1789 until at least 1814.
Lakewood was incorporated as a township by an act of the New Jersey Legislature on March 23, 1892, from portions of Brick Township.
Portions of Howell Township in Monmouth County were annexed to Lakewood Township in 1929.
The racial makeup of the township was 78.77% White, 12.05% African American, 0.17% Native American, 1.39% Asian, 0.03% Pacific Islander, 4.61% from other races, and 2.98% from two or more races.
Hispanic or Latino of any race were 14.80% of the population.